Shoe Shops for sale in Guildford

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Beverley Iles (September 2016)
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Leasehold Price: £99,995 Turnover: £338,000 Gross Profit: £156,000
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Business Description
BUSINESS
Hilton Smythe are delighted to offer to the market a very special and unique men's designer shoe retailer ‘Guildford Shoe Company Ltd’.  Occupying an enviable trading position, the luxury retailer is only offered to market to allow our client to retire and more importantly let the business grow to its full potential.

Exclusive brands currently include Anatomic & Co, Sebago, Timberland, Hudson, Bass, J Shoes, John White, Lord Loaders and Weejuns with new brands such as Hunter introduced in the Autumn of 2017. The business also offers a range of accessories such as socks, belts and specialist shoe cleaning products. A shoe cleaning service could easily be added to increase the ‘add on sale levels’.

Our client has been in the men's fashion industry for 40 years and his breadth of knowledge and experience for creating a solid brand has been injected into this new business. He previously ran a successful clothing business from this shop but after looking at his market invested a lot of money in transforming the shop into its current design today.

Within the first 6 months of trading the business already enjoyed an average weekly turnover of around £6,500; however, due to the Autumn uplift of men’s shoe purchases as well as the introduction of several new brands could see average sales start to average at £10,000 per week!

Establishing a new concept with the potential of half a million pound of instant turnover is outstanding, even for this location.

The right owner could enjoy the success not only of this location but with a careful expansion plan could see a similar shop on every key high street.

Our client is willing to offer a full handover as well as ongoing advice.

LOCATION
The Guildford Shoe Company is located on the main High Street in Guildford, Surrey.

Guildford is an affluent, medieval town in the south of England known for its medieval Guildford Castle, landscaped gardens, cobbled street, architecture, exhibitions and excellent commuting distance to central London which is only 27 miles southwest.

The A3 trunk road connects London to Guildford and south to Portsmouth.

Both the main line train station and towns bus station are less than 5 minutes’ walk from the business.

A recent Experian survey named Guildford Street as the luxury capital of the U.K! With the variety of high end top brands including the specialist independent retailers, antique shop and art galleries to cafes, restaurants, food halls and two farmers markets with 4 separate enclosed shopping centres. This makes it a destination shopping area for visitors but more significantly shows the retail demand and high level of disposable income of those living in and around Guildford.

Our client informs us that ‘Barbour’ will be opening a new flagship store, 2 doors up from Guildford Shoe Company Ltd which should attract more similar customers.

There are 3 main carparks, 2 of which are less than 5 minutes’ walk away.

PREMISES
Over £50,000 has been invested into the shop including a complete new shop front and bespoke shoe display units. The property looks modern, inviting and fresh; with eye catching window displays and an excellent internal layout. The external of the property is well-signed clearly visible to passing trade.

The property is approximately 89m2.

Equipment includes: -

2 x window display units

15 x different sized handmade white painted internal display cabinets

Accessory hooks

Glass topped service counter with till point

Card machine

Music system

CCTV

Display tables

Rear area includes stockroom and a staff toilet.

The basement is accessed from behind the service counter and includes 2 x joined store rooms which are fully shelved as well as an office area.

TENURE
This is a leasehold sale opportunity.

Original lease length: 25 years.

Remaining lease: 10 years as of 2017.

Rent: £90,000 per year

Rates £33,000 per year

HOURS
Monday to Wednesday: 9.30am - 5.30pm

Thursday to Saturday: 9.30am – 6pm

Sunday: 11am - 5pm

STAFF
The business is run and managed by the owner, with the help of two full time and two-part time members of staff.

FINANCIAL PROFILE
Turnover is circa £338,000 for 2017, approximately £6,500 per week.



Tenure: Leasehold

Listed by: Hilton Smythe
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